ApeCoin rebounds after APE price crashes 80% in two weeks: dead cat bounce or bottom?
APE risks crashing into unchartered price territory as it follows Bitcoin and the rest of the crypto market. Go to Source Powered by WPeMatico
Inflation
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Ethereum plunges 13% vs. Bitcoin pushing BTC dominance to 2022 high — more pain ahead?
Bitcoin dominance has spiked to six-month highs at Ethereum’s expense as ETH/BTC suffers big losses. Go to Source Powered by WPeMatico
Bitcoin falls back under $30K while 8.3% US CPI shows signs inflation has peaked
Potential relief for macro pressure offers no respite for Bitcoin as BTC price action returns to new ten-month lows. Go to Source Powered by WPeMatico
Mexican Crypto Exchange Bitso Launches Stable Yield Program
Bitso, a Mexico-based cryptocurrency exchange, is expanding its range of crypto investing options. The company has announced it will now allow customers to earn funds just by holding bitcoin or stablecoins in its wallet. The program, called Bitso+, will offer different yields based on the quantities deposited by users, and it is designed to help … Read more
First 6-week losing streak since 2014 — 5 things to know in Bitcoin this week
Clouds on the horizon grow nearer as markets prepare for more inflation cues this week. Go to Source Powered by WPeMatico
Credibility Concerns — Gallop Poll Shows Fed Chair’s Confidence Ratings Slid by Double Digits
According to a Gallop poll published on May 2, the public’s confidence in America’s current economic leaders has been deteriorating. Confidence in U.S. president Joe Biden managing the U.S. economy has dropped from 57% to 40%, and faith in Federal Reserve chair Jerome Powell has faltered from 55% to 43%. The April 2022 Gallop poll, … Read more
Joe Rogan Says Bitcoin Is ‘Freaking Out’ Government, the Latest on Inflation, and More — Bitcoin.com News Week in Review
Another whirlwind week in crypto draws to a close, and of course there’s no shortage of spicy stories and new, compelling narratives in the world of innovative digital money. This week, Elon Musk gives investment advice, United States Securities and Exchange Commission chair Gary Gensler catches flack from SEC commissioner Hester Peirce, and Joe Rogan … Read more
Central Bank of Argentina Bans Private Banks From Offering Cryptocurrency Services
The Central Bank of Argentina has taken steps to ban private banks from offering cryptocurrency services to customers in the country. The action comes after two banks had started offering cryptocurrency purchasing services from their apps. The measure is said to be directed at mitigating risks associated with cryptocurrency assets. Central Bank of Argentina Closes … Read more
Peter Schiff Warns Economic Downturn in the US ‘Will Be Much Worse Than the Great Recession’
Following the Federal Reserve’s rate hike on Wednesday, economist Peter Schiff has had a lot to say since the U.S. central bank raised the benchmark rate by half a percentage point. Schiff further believes we are in a recession and says “it will be much worse than the Great Recession that followed the 2008 Financial … Read more
US Central Bank Raises Rates by Half a Percentage Point, Fed’s Powell Says Similar Hikes Are on the Table
The U.S. Federal Reserve raised the benchmark interest rate on Wednesday and the increase was the biggest rate hike in two decades. “Inflation is much too high,” the central bank’s chair Jerome Powell said after the Fed raised rates by 0.5%. FOMC Decides to Hike Rate by 3/4 to 1% — Increase Was the largest … Read more